{"id":49009,"date":"2025-09-23T11:01:46","date_gmt":"2025-09-23T11:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49009"},"modified":"2025-09-23T11:01:46","modified_gmt":"2025-09-23T11:01:46","slug":"bitcoin-stumbles-in-week-38-its-third-worst-week-on-average","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49009","title":{"rendered":"Bitcoin Stumbles in Week 38, Its Third Worst Week on Average"},"content":{"rendered":"<div>\n<p>The 38th week of the year is historically the third-worst performing week for bitcoin, averaging a return of -2.25%. Only week 28 (-2.78%) and week 14 (-3.91%) have been weaker historically, according to <a href=\"https:\/\/www.coinglass.com\/today\">Coinglass data<\/a>. <\/p>\n<p>This week, bitcoin is already down nearly 2%, trading around $113,000, with September\u2019s monthly options expiry pointing to a max pain level at $110,000, according to <a href=\"https:\/\/www.deribit.com\/statistics\/BTC\/metrics\/options\">Deribit<\/a>, this could imply further downside. <\/p>\n<p>Max pain refers to the strike price at which the largest number of options contracts (calls and puts) expire worthless, effectively maximizing losses for option buyers.<\/p>\n<p>In addition, market enthusiasm has faded. Perpetual funding rates for bitcoin, which measure the ongoing cost of holding leveraged long or short positions in perpetual futures contracts, have dropped to 4%, one of their lowest levels in a month. <\/p>\n<p>A low positive funding rate suggests reduced demand for leveraged long exposure, often signaling that speculative froth in the market has cooled. <\/p>\n<p>While, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/09\/echoes-of-summer-2023-bitcoin-s-volatility-set-to-surge\">implied volatility<\/a> (IV), which reflects market expectations for future price swings, is also near historic lows at 37.<\/p>\n<p>Despite the weekly dip, bitcoin remains 4% higher in September and up 6% for the quarter. With roughly 14 weeks left in the year and most of those weeks historically producing positive returns, this may represent calm before potential volatility.<\/p>\n<p>Meanwhile, gold has continued its impressive rally, climbing another 1% on Tuesday and now more than 42% higher year to date, which continues to take the sting out of bitcoin. <\/p>\n<p>Another factor weighing on bitcoin sentiment is the massive gains in artificial intelligence and high-performance computing stocks, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/22\/iren-shares-jump-11-in-pre-market-trading-as-bitcoin-miner-doubles-ai-cloud-fleet\">for example IREN<\/a> (IREN), which may have taken some shine away from bitcoin in the short term.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 38th week of the year is historically the third-worst performing week for bitcoin, averaging a return of -2.25%. Only week 28 (-2.78%) and week 14 (-3.91%) have been weaker historically, according to Coinglass data. This week, bitcoin is already down nearly 2%, trading around $113,000, with September\u2019s monthly options expiry pointing to a max [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49009","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49009"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49009\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}